If I buy the one from NSY, is it the "real" Sinopec?
No - you are buying an American Depository Receipt. Essentially some American bank or other entity holds a bunch of Sinopec stock and issues certificates to the American exchange that American investors can trade. This insulates the American investors from the cost of international transactions.
Does the logic check out?
No, it does not check out. It fails some obvious tests. First of all, why would your friend not do this themselves? They claim it's "easier" for you to do it, but having you involved means moving the money across international borders one extra time, and presumably paying you something. At any rate, if your friend ...
In these situations, one solution is to use the "I was just about to ask you the same thing..." response.
This is kind of a famous way to deal with people asking you for money, whether it's someone asking to borrow "$10 at lunch time" or "$3000 for a car" or the like.
Person X asks you for money, say $2000.
Your reply: Ah, that's bad luck, I was just ...
First thing to consider is that getting your hands on an IPO is very difficult unless you have some serious clout. This might help a bit in that department (http://www.sec.gov/answers/ipoelig.htm)
However, assuming you accept all that risk and requirements, YES - you can buy stocks of any kind in the US even if you are a foreigner. There are no laws ...
A real estate can be divided into two parts, the land and the building.
You have permanent and perpetual right on the building of your own.
In China, there are two kinds of lands,
one of which is called State-owned land (SoL for short),
the rest is called Collectively-owned land (CoL for short).
SoL is owned by the whole population of China and managed by ...
His debt is sixty monthly incomes, five years worth. That's substantially more than my first house was. And I had 25 years time to pay it back, his lenders ask for monthly payments where 20 months payments equal the debt. That amount of debt is lethal for him.
You can of course help him. Many people in the USA or the EU can find $45,000 or equivalent, ...
The case you are looking at is rather special, because the Chinese government for the longest time did not allow foreigners to invest in Chinese stocks. The ADRs explained in @DStanley's answer are a way around that restriction; recently there are some limited official ways,
In general, it is perfectly normal for a stock to appear on different exchanges, ...
It is very personal and all depends on your personal risk appetite. No one can or should tell you what to do here. It all depends on how comfortable are you with the statement you made in your question and what your prediction is of the future of this market.
It also comes down to your analysis and research of the situation. Did you do the analysis and ...
Always go with the option that avoids currency conversion.
Best Option: Get paid in Euro at your German bank account.
You mentioned "current rates" twice in your question. What you missed is the spread offered by (1) Your employer's bank and your employer (2) Your ICBC in China (3) Your German bank. Is it 0.02%? 0.5%? 1%? 2%, 2.5%? For ICBC it is likely ...
I did not find an online way to get the address of a BoC ATM from an ATM ID but I can tell you what I tried unsuccessfully and successfully to get the address:
Going to a Bank of China branch
At least in Guangzhou, this is painfully slow. A security guard must swipe a card in the machine that emits a slip with a number. There are a small number of tell ...
CHN is a Closed-End Fund.
CHN actually pays out three types of distributions:
Standard cash dividends (these are cash dividends paid out by the constituent stocks held by the Closed-End Fund)
Short-term capital gains
Long-term capital gains
In the case of CHN, they appear to be paying yearly. The most recent dividend, with exdate of 18 Dec 2014, ...
Tencent, like many other companies, is listed on multiple exchanges. 0700 is the ticker on the Hong Kong Stock Exchange, NNND is the ticker on the Frankfurt Stock Exchange, whereas TCEHY is the OTC (over-the-counter) symbol.
The OTC Pink (formerly Pink Sheets) is one of the least regulated. The bar for maintaining a listing is very low. If the brokers are still quoting prices to buy or sell the stock then they will continue to trade on the Pink Sheets.
From the OTC Markets FAQ:
Can companies get "delisted" from the OTCQX, OTCQB and Pink markets?
Companies that no ...
Following links from the link you included in your question gets to this page:
The amounts differ by various factors, but the lowest amount is $12,000, so if you made less than that, you don't need to file.
Also, the IRS determines the source of "Salaries, wages, other compensation" by where the services are ...
Don't time the market
Every time there's some risk that could cause stocks to halve (or lose more of) their value. Most of the time, it won't happen. I'm sure you won't find any period where negative news don't exist. You just need to learn to ignore negative news.
Instead, invest as much into stocks as you are comfortable
Stocks yield more than bonds. In ...
Keep in mind, that this is a hypothetical situation at this point, raised by the Trump Administration as a possibility.
A Reuters article by John Ruwitch and Alun John explains what it could mean. This type of move is essentially unprecedented, but they offers a couple of possibilities for how it might be done:
They could seek funding from elsewhere and ...
There are two types of shares that you are talking about:
H Share - HKD traded at Stock Exchange of Hong Kong, held by a Hong Kong nominee service (Think ADR)
A Share - CNY (Onshore, not to be confused with Offshore CNH) traded at Shanghai and Shenzhen Stock Exchange; can be purchased by Qualified Foreign Institutional Investor (QFII) using CNY; can be ...
There is simply no correlation, at all, between national stock markets and national "GDP".
(Note: as a further point, "GDP" is just a figure calculated, in some way, by perhaps a magazine, university, or some government department. Different teams come up with utterly different figures. Nobody has a clue how central issues like "the ...
Chances are that the bank used in China and the bank used in the US do not have direct interactions - there are just too many banks in the world to have each one work with each one.
Therefore, they both connect with a more global working third-party bank. This third bank will take a fee too, for simply making the connection (what else would it live from). $...
China follows a policy to administer withdrawal of Foreign Exchange. One would need to review the relevant rules and regulations and complete the formalities required. At a broad level there is restriction of transferring more than USD 50K per year.
More about the rules can be found on SAFE.
I'm going to continue updating this answer because I'd like to buy the bonds directly, and avoid using ETFs or MFs that charge fees. I haven't found a way to do this, yet part of being in the SDR basket is having an internationally open bond market, so this makes little sense.
So far, one ETF I've found is CHNB, which is 80% Chinese Renminbi bonds. It ...
For the financial year 1 April 2015 to 31 March 2016, as you will be spending more than 182 days you would be deemed Non-Resident Indian for tax purposes. Hence the income you earn outside India would be tax free in India.
You can transfer funds into India or keep it in China, this does not change the tax situation.
Ensure that you have converted your ...
The yield on Div Data is showing 20% ((3.77/Current Price)*100)) because that only accounts for last years dividend. If you look at the left column, the 52 week dividend yield is the same as google(1.6%). This is calculated taking an average of n number of years. The data is slightly off as one of those sites would have used an extra year.
Setting up an entity that is partially foreign owned is not that difficult. It takes an additional 1-1.5 months in total, and in this particular case, you guys would be formed as a Joint Venture. It will cost a bit more (about 3-5000). If you're serious about owning a part of a business in China, you should carefully examine what he means by 'more ...
Find a Bank of China branch in the United States. They have them in Canada!
This link is to the Bank of China website, along with branch locations. They are in New York and L.A.
And the Bank of China USA website: http://www.bocusa.com/portal
There are a number of Bank of China Branches ...